All Forum Posts by: Derek Mizysak

Thanks @Andrew Kerr, My wife and I are renting a larger place as we have outgrown the duplex (4 kids) so living in another multi-family is probably not ideal. The idea of renting was so that we could save our down payment money for another investment. We are still getting moved into the new place but once we are settled in, I am planning to start making some offers on properties. The beauty of real estate is there are so many way to go about doing things. Most likely facing a 20% down payment, I would almost have to do the BRRRR method to recoup my funds because the $50,000 that I can scrape up, I would want to repay back in a relatively timely fashion.

Hello everyone, new to BP and am looking for some guidance. I've owned a duplex in West Allis since 2009 and just moved out and placed a tenant in both units. Property currently cashflows pretty well but now I am wondering how to acquire the next multi-family? Should I leverage the equity in my house (might have $20-30k) or pull from my 401k? I recently learned of the BRRRR strategy and was looking to try that. I was originally planning to do a cash, 401k and private loan combo, but I am curious about the options to leverage the house equity. Any suggestions?